The acquisition is looked at as being complementary, according to Rick Dauch, Accuride president. He said the purchase will allow Accuride to expand and become more competitive in new market segments. KIC is expected to provide Accuride with a greater ability to respond to industry cycles and customer demand.

“We are excited to work with KIC co-founder Greg Hatton and his leadership team to fully leverage the strengths of both KIC and our Gunite business,” said Dauch. “Together, we will incorporate KIC’s customer service discipline, technology resources and efficient manufacturing and distribution network into our product and service offering to our OEM and aftermarket customers here in North America as well as to select global markets.”